Dubai gold prices rebounded on Thursday, October 1, with 24K gold rising to Dh503.75 per gram at the morning market rate, up Dh4 from Wednesday’s Dh499.75. The move affects gold buyers, jewellery shoppers and traders in the UAE, while global market developments remain important for the direction of prices.
- Location: Dubai, UAE
- Gold rate source: Dubai Gold & Jewellery Group
- Latest rate: October 1, 2026
- Who is affected: Gold buyers, jewellery shoppers and traders
- Business impact: Higher bullion rates can raise the base cost of gold jewellery
- What’s next: US jobs data, inflation figures and Federal Reserve policy expectations could influence gold prices
The Dubai gold price rebounded on Thursday, October 1, with 24K gold trading at Dh503.75 per gram at the morning market opening, compared with Dh499.75 at Wednesday’s close. Rates for other popular gold categories also moved higher, according to data provided by the Dubai Gold & Jewellery Group.
The recovery comes as international gold prices stabilised amid changing expectations over the next US interest-rate decision. For shoppers in Dubai, the move is relevant because daily bullion rates form the base price used by jewellery retailers before making charges and other costs are added.
What are the latest Dubai gold prices?
The Dubai Gold & Jewellery Group’s October 1 rates put 24K gold at Dh503.75 per gram, up Dh4 from the previous day’s Dh499.75.
The other commonly traded categories were also higher:
- 22K: Dh466.50 per gram
- 21K: Dh447.25 per gram
- 18K: Dh383.25 per gram
- 14K: Dh299 per gram
The figures represent the underlying gold rate and should not be confused with the final amount paid for a finished piece of jewellery. Retail prices can also include making charges and other applicable costs.
The latest move follows a sharp period of volatility in September. Dubai’s 24K rate stood at Dh542 per gram on September 3 before moving lower during the month. It reached Dh497.25 on September 28, before recovering to Dh501.25 on September 29, Dh499.75 on September 30 and Dh503.75 on October 1.
Why did Dubai gold prices rise on October 1?
The latest rebound reflects developments in international markets rather than a Dubai-specific change.
Financial analyst and Century Financial CIO Vijay Valecha said gold had rebounded from a key technical support level. He also pointed to lower oil prices and changing expectations around another US interest-rate increase as factors supporting the recovery.
Markets have been closely watching the Federal Reserve after it raised the federal funds target range by 25 basis points on September 16, taking it to 3.75%–4%. The US central bank said inflation remained elevated and that uncertainty around the economic outlook was still high.
Interest rates matter for gold because bullion does not pay interest. When investors expect higher rates, assets that generate yields can become more attractive. When expectations for rate increases ease, pressure on gold can reduce.
What is happening with global gold prices?
International gold prices also remained sensitive to US economic data and Treasury yields.
Reuters reported that spot gold was around $4,155.60 per ounce on Thursday, while December US gold futures were around $4,185.50. The report said softer-than-expected US inflation data helped reduce expectations for an October Federal Reserve rate increase, although higher Treasury yields continued to limit gains.
The latest US inflation figures provide some context. The US Bureau of Economic Analysis reported that the Personal Consumption Expenditures price index rose 3.4% year-on-year in August, while the core PCE index, excluding food and energy, increased 3%.
This inflation measure is closely watched because it is one of the indicators used by the Federal Reserve when assessing price pressures.
What economic data could affect gold prices next?
The next major market focus is the US labour market.
The US Bureau of Labor Statistics is scheduled to release the September 2026 Employment Situation report on October 2. The report will provide fresh figures on employment and unemployment and could influence expectations around future Federal Reserve policy.
Markets will also continue to monitor inflation data and Federal Reserve communication in October.
For gold traders, stronger or weaker-than-expected economic figures can affect expectations about interest rates, the US dollar and Treasury yields. Those changes can then feed through to international bullion prices and, ultimately, daily gold rates in Dubai.
What does the latest gold price mean for Dubai shoppers?
For residents planning to buy jewellery, the latest move means the underlying gold price is once again above Dh500 per gram for 24K gold.
However, shoppers should not calculate their final jewellery bill simply by multiplying the displayed gold rate by the weight of a piece. Jewellery prices can also include making charges and other applicable costs.
Gold buyers comparing pieces between shops should therefore check the purity, weight, gold rate and making charge before making a purchase.
The different purity levels also matter. 24K represents the highest-purity category listed in the daily rates, while 22K and 18K contain a greater proportion of other metals and are commonly used for different jewellery applications.
Dubai’s gold market remains closely connected to international bullion movements. A change in US rate expectations, inflation or Treasury yields can quickly influence global gold prices and, in turn, the daily rates displayed across Dubai’s jewellery market.
For residents buying gold, the latest Dh503.75 rate is best viewed as a daily reference point, rather than a fixed price for jewellery.
The immediate market focus now shifts towards US employment data and further signals from the Federal Reserve. These developments could contribute to further movement in gold prices in the coming sessions.
FAQs
What is the Dubai gold price today?
On October 1, 2026, 24K gold was priced at Dh503.75 per gram in Dubai at the morning rate.
What is the 22K gold price in Dubai today?
The 22K gold rate was Dh466.50 per gram on October 1, 2026.
Why did Dubai gold prices increase?
The latest rebound was linked to international market movements, including changing expectations around US interest rates, lower oil prices and a rebound from a technical support level.
Is Dh503.75 the final price of gold jewellery?
No. The displayed gold rate is the underlying bullion price. A jewellery purchase can also include making charges and other applicable costs.
What could move gold prices next?
US economic data, including the September employment report, inflation figures, Treasury yields and expectations around future Federal Reserve decisions, could influence international gold prices and Dubai’s daily rates.
Dubai’s 24K gold price has returned above Dh500 per gram, reaching Dh503.75 on October 1 after ending September at Dh499.75. The rebound reflects a wider shift in international gold markets, with US interest-rate expectations and economic data remaining key factors to watch.
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